The Ethena token (ENA) has seen a staggering 13% surge in just 24 hours, with an overall increase of 53% since its listing on Binance. ENA serves as a governance token for Ethena’s decentralized finance (DeFi) protocol, offering a yield-earning dollar-pegged stablecoin known as USDe with an impressive 35% APY. Unlike traditional stablecoin rivals like
DeFi
KuCoin, a prominent cryptocurrency exchange, has recently faced legal challenges with US authorities, leading to a noticeable decrease in user assets on the platform. A proof-of-reserve certificate released by the exchange highlighted the sharp decline in user holdings, with Bitcoin balances dropping by 25.4% to 12,114 BTC in March. Similarly, Ethereum balances saw a decrease
In a bold and innovative move, ALTAVA, a prominent player in the digital fashion market, has joined forces with Play TOZ, a Web3 division of WEMADE PLAY, to revolutionize the TOZ Universe, a thriving Web3 Metaverse community. This partnership is set to redefine the landscape of digital fashion and user engagement within the vast virtual
The recent report by blockchain security firm PeckShield for March 2024 has highlighted a worrying trend in the cryptocurrency industry. Despite an overall improvement in investor sentiment, the report indicates that there has been a significant increase in crypto hacks, resulting in losses amounting to approximately $187.29 million. One of the most shocking incidents mentioned
Recently, Coinbase CFO Alesia Haas expressed her belief that Ethereum (ETH) should not be classified as a security. She highlighted the lack of regulatory clarity surrounding cryptocurrencies in the United States as the core issue. Haas emphasized the importance of a clear and consistent regulatory framework to protect consumers and companies like Coinbase. However, despite
Nakamoto Games, a prominent Web3 gaming hub, has recently announced its plans for a series of major releases in the upcoming weeks. This announcement signifies a pivotal moment in the company’s journey, as they aim to solidify their position in the competitive gaming market. Among these exciting releases is a highly anticipated AAA Collectible Card
The landscape of artificial intelligence (AI) is rapidly evolving, with generative AI models becoming more prevalent. However, the so-called “open” models touted by various vendors are far from being truly open. While some vendors provide access to model weights, documentation, or tests, the training data sets remain shrouded in opacity. This lack of transparency poses
Cardano (ADA), the proof-of-stake blockchain platform, continues to make significant progress in technological advancements, as reported by Input Output Hong Kong (IOHK), the engineering firm responsible for the Cardano blockchain. The recent announcement by IOHK highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano. One area of notable
The hacker who stole $11.6 million from Prisma Finance’s decentralized finance (DeFi) protocol has claimed that the exploit was a “whitehat rescue” in on-chain messages. This term refers to hackers who use their skills to find security vulnerabilities in software code. The attacker sent a message six hours after the hack, stating that the intention
Parallel, the groundbreaking sci-fi NFT card game, recently secured $35 million in funding from a variety of investors. The game, which utilizes the Ethereum blockchain and Base layer-2 chain, made the announcement in a post dated March 28th. The investment round attracted support from reputable entities such as Distributed Global, The Operating Group, VanEck, Solana